IDEX Hosted Staking
IDEX Hosted Staking
IDEX staking, originally launched in 2019, enables traders, market makers, and fans of IDEX to operate part of the IDEX infrastructure and, in the process, contribute to the decentralization of IDEX and robustness of the platform. Stakers use IDEX tokens and run replicator staking software to operate a node and earn 50% of trade fees collected by the platform as compensation for their work. IDEX staking pays out 50% of exchange fees in USDC every two weeks.
The goal is to provide as many IDEX holders as possible the opportunity to stake their tokens. While the process for IDEX staking has been fairly low maintenance, we recognize that not everyone wants to run a replicator node themselves.
The solution is IDEX Hosted Staking, which will be launching April 5th.
Hosted Staking has three primary benefits:
1. IDEX holders can stake their holdings without running a node
2. Minimum IDEX staking requirement of 5,000 IDEX is waived
3. Node operators can earn additional staking yield
IDEX holders no longer have to set up a node in order to stake their holdings. By delegating their IDEX to a public node, staking can be accomplished in just one click and allows the holder to collect a share of up to 50% of exchange fees. Another huge benefit to delegating is that the 5,000 IDEX minimum requirement for staking is waived. This means that all IDEX holders, no matter how large or small, can stake their holdings.
Obtaining IDEX
If you want to acquire IDEX tokens to stake them and earn a share of up to 50% of exchange fees, there are a variety of ways you can do so:
– [Recommended] Deposit funds via Polygon and trade on IDEX v3 — IDEX/USDC, IDEX/ETH
– Binance
– Huobi
– Coinbase
– Crypto.com
Delegating
Staking by delegating IDEX will be extremely simple and straightforward. All you need to do is have IDEX in your wallet and head to the staking page once Hosted Staking is LIVE on April 5th. There, you’ll be able to delegate your IDEX to a node of your choice in one click.
You will be able to find a more in-depth delegator guide with screenshots in the Staking Documentation when Hosted Staking is LIVE.
Hosting
Hosting a replicator node will also be fairly straightforward. If you’re not running a replicator node yet, you can follow the guide here. Running a lightweight node helps support exchange infrastructure and, in return, allows you to receive a share of 50% of exchange fees. Once Hosted Staking is LIVE on April 5th, you’ll be able to set your node to public, choose a commission rate, and allow users to delegate IDEX to your node.
About IDEX
IDEX is bringing the fastest, most secure DEX to multiple high-performance blockchains. IDEX is currently available on Ethereum and Binance Smart Chain, with Polkadot and others to follow. Bridging the IDEX token to each blockchain enables stakers to secure IDEX’s L2 on all networks.
